The IEA predicts peak oil demand in 2028 due to the shift towards cleaner energy technologies. OPEC disagrees, forecasting rising oil demand driven by increasing energy needs in emerging economies.

Oil majors are boosting deepwater exploration budgets as they look to meet future oil demand. The oil and gas majors—ExxonMobil, Chevron, Shell, BP, TotalEnergies, and Eni—are winning more acreage in ...

Iraq has awarded the Akkas development to a virtually unknown company from Russia’s current archenemy - Ukraine ...

Bloomberg and the Financial Times are reporting that shale executives are getting spooked about future mergers in case they get caught in the crosshairs of the regulator ...

Giant Chevron and mid-cap Cheniere have said they are bullish on natural gas demand, which Chevron CEO Mike Wirth says he expects to beat expectations due to surging electricity consumption from big ...

OPEC+ is likely to keep oil production unchanged in June due to stable inventories and prices, but may rescind some previous ...

Biden's administration finalized rules mandating carbon capture in power plants, raising concerns about potential electricity shortages and increased prices due to reduced efficiency and delayed ...

Steel producers Nucor and Cliffs introduce weekly and monthly HRC pricing, aiming for market transparency and potential influence on indexes.

Shell is preparing to divest from downstream operations in South Africa as a result of an internal portfolio review ...

The U.S. Treasury and State Departments have imposed new sanctions on hundreds of companies and individuals connected to ...

Over the weekend, state-owned Saudi Aramco raised the June official selling price of Arab Light crude for customers in Asia, ...

Le Monde reports Belgium’s ports drowning under glut of Chinese electric cars: ‘Some are parked here for a year, sometimes ...